The Best Automated Crypto Trading Bots in the Market (2020 Update)
As crypto markets continue to recover, we’re noticing an increased trend of users interested in automated crypto trading bots and services.
In this article we’ll be exploring the top crypto trading bots that are currently available in the market. Let’s take a look at the top players. The infographic below breaks down 8 of the most popular automated trading bots used by crypto traders by monthly website visits (data collected from SimilarWeb).
We can see the top 3 trading bots by monthly website visits are 3Commas, Cryptohopper, and Shrimpy. These trading bots sustain 614K, 324K, and 138k monthly visits respectively. Let’s go over all of the top trading bots and see how they differ.
3Commas
3Commas is one of the most well-known trading bots in the market. The name referencing the billion-dollar club is a Russian made software solution.
3Commas is a crypto trading terminal which features bot trading and portfolio management. It features a SmartTrade terminal which allows users to execute orders and trades, set bot-trading and stop-loss/profit positions.
Price
Their plans range in pricing from $22 to $75 per month.
Supported Exchanges
Binance, CEX.io, Coinbase Pro, Bittrex, BitMEX, Poloniex, YoBit.net, KuCoin, Bitfinex, OKEX, HitBTC, Huobi Global, Bitstamp, Cryptopia.
Cryptohopper
Cryptohopper is a crypto trading platform that focuses on automated bot and copy trading. Cryptohopper allows users to trade based on either their own personal indicators or copy other traders’ strategies.
Users can build a trading strategy using over 130+ indicators & candlestick patterns in Cryptohopper’s trading strategy designer. It also features a marketplace where users can buy-and-sell trading signal and strategies from preconfigured setups from screened traders.
Cryptohopper also offers paper trading for those interested in trading “risk-free”
Price
Their plans range in pricing from $19 to $99 per month.
Supported Exchanges
Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, Cryptopia.
Shrimpy
Shrimpy is the leading portfolio management application. Unlike other trading bots, Shrimpy focuses on portfolio strategies such as rebalancing, dollar-cost averaging, and smart order routing. Automating your portfolio takes under 5 minutes by signing up, plugging in exchange API keys, selecting assets, and entering a rebalance period. It’s the low maintenance way to simplify your crypto involvement.
As a new crypto trader, you may also find the social features on Shrimpy to be exactly what you are looking to use. Rather than developing your own strategy, copy the trading strategies of some of the top investors in the world.
SOcial Trading
Copy the world’s best traders, share your portfolio, and learn about the top cryptos currently in the market.
Shrimpy also supports the most advanced “Universal Crypto Trading API” for those developers that want to manage their funds with custom strategies. The APIs also provide a solution for developers to manage their own users, essentially acting as a complete user management solution. Developers can directly communicate with Shrimpy to access accounts, execute trades, and collect data. This frees up development resources and allows teams to focus on their core product offerings.
Shrimpy’s Universal Crypto Exchange API was created to address critical developer challenges in the crypto space:
Low-Latency Order Execution & Automated Trading
User Authorization and Management
Business & Product Scaling
Real-time Data & Analytics
Price
The Shrimpy plans range in pricing from $13 to $19 per month. The core plan provides access to all portfolio allocation, trading, rebalancing, and exchange management features.
Supported Exchanges
KuCoin, Bittrex, Coinbase Pro, Binance, Kraken, Poloniex, Huobi, Gemini, Bibox, BitMart, Huobi Global, HitBTC, OKEX, Bitstamp.
CryptoTrader
Cryptotrader is a cloud-based algorithmic trading platform for Bitcoin and other cryptocurrencies. Cryptotrader provides automated trading bots on a scalable cloud capable of providing instant alerts and notifications.
In addition to automated and indicator-based trading bots, Cryptotrader also has a Strategy Marketplace that lets users purchase trading strategies. Cryptotrader also lets users backtest trading strategies.
Price
Their plans range in pricing from $16 to $200 per month.
Supported Exchanges
Binance, Kraken, Coinbase Pro, Bittrex, Bitfinex, Poloniex, Huobi, Bitstamp, OKCoin.
HaasOnline
HaasOnline is an automated crypto trading bot that lets users automate their crypto trading strategy in all their exchange accounts from a single customizable dashboard.
HaasOnline offers complete and granular control for each trading bot, offering a wide configuration of trading indicators into each bot.
If you are looking for an enterprise solution, Haasbot may be the solution for you. The feature list feels like it supports everything under the sun. From market making to zone recovery.
Some of the most notable features include:
Accumulation Bot
Flash Crash Bot
Ping Pong Bot
Trend Lines Bot
Price
This enterprise-grade trading bot platform certainly carries the enterprise price tag. The lowest pricing tier is $200 / 3 months and quickly ramps up to $600 / 3 months.
Supported Exchanges
Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, CCEX, CEX.io, Cobinhood, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi, ionomy, Kraken, KuCoin, Nova, OKCoin, OKEX, OKEX Futures, Poloniex.
GunBot
After several years in the market, Gunbot still remains one of the lesser-known competitors in the market.
Gunbot is a desktop application that is downloaded in order to run. This means you will need to run the service yourself 24/7 to ensure the continued execution of your trading strategy. This can be a concern for many traders who are constantly on the go. Setting up a machine that runs 24/7 can become costly and frustrating.
Some of the most prominent features in the application include:
Reversal Trading
Trailing
Confirming Indicators
Price
Gunbot is not for everyone. It carries one of the largest price tags among trading bots in the market. The cost to get started can be nearly $1,000 if you want to have access to linking up to 5 exchanges and all trading strategies. It’s certainly not for everyone.
Supported Exchanges
CryptoBot supports Bitmex, Poloniex, Bittrex, Binance, Coinbase Pro, Cex.io, Kraken, Bitfinex, Kucoin, Cryptopia, Huobi.
ProfitTrailer
ProfitTrailer is a crypto trading bot and terminal software that lets users construct their own trading bot based on indicators or signals.
In addition to indicator and signal-based trading, ProfitTrailer also lets users subscribe to signals and run concurrent trading strategies on a single exchange. It also has an advanced paper trading feature for no-risk traders.
Price
ProfitTrailer offers monthly packages from €39/month to €89/month, with the option to purchase lifetime licenses.
Supported Exchanges
ProfitTrailer supports Binance, Bittrex, Huobi, Kucoin, Poloniex, VPS.
Margin
Margin is an automated trading terminal designed exclusively for bitcoin and cryptocurrency traders. It offers a clean trading interface with a focus on providing a simple user experience with beautiful visuals for an exceptional trading experience. Margin also lets users to quickly set up automated trading bots and strategies with a suite of widely used trading indicators.
Price
Margin offers lifetime licenses starting from $89 and up to $1999.
Coinrule
Coinrule is a rising automated trading service that focuses on indicator-based trading. Instead of automating a strategy for the long-term, Coinrule is concerned with the intricate interactions that go on in the market on a minute-by-minute basis. As the price of your assets change throughout the day, the automated trading bot will execute the trades for your specified trading strategy.
We recommend Coinrule for cryptocurrency traders who want to be hands-on with their funds. Continuously updating your strategy and tinkering with the bots to get the optimal results can be time-consuming, so this trading bot is ideal for people who have the time to invest in fully learning the strategies they implement.
Pricing
The Coinrule pricing starts at a reasonable 9.99 / mo, but quickly ramps up to $199.99 / mo for the most advanced plan. With $9.99 you can connect 2 exchange accounts and automate 5 rules at a time.
Zignaly
Zignaly can be considered a more complex competitor to Coinrule. Providing crypto trading signals, indicators, and TradingView connectivity, traders can execute a detailed strategy by combining various signal-based strategies.
In addition to trading based on various indicators, Zignaly has opened up a position-based trading terminal that allows traders to set specific orders on the exchange without automating the strategy.
With the large number of features supported by Zignaly, it comes as a bit of surprise that the only exchange they support is Binance. Without a Binance account, you are out of luck with this service.
Some of the core features they support include:
Trailing stop loss
Signals
TradingView Bot
Multiple Targets from signals
Pricing
There is currently only a single pricing tier for the Zignaly application. Everything they offer can be purchased for $15.99 / month. This includes unlimited coin pairs and positions.
Final Thoughts
There are several trading bot solutions that exist in the market. Ultimately, your choice of trading bots ultimately rests on your crypto trading strategies and preferences.
Do you want absolute control over your trading bot and configure every bit of detail? Do you just want to use a simple trading bot that doesn’t require much setup? Or do you just want to pay and copy someone else’s trades?
The following table is a quick reference for crypto traders interested in implementing an automated trading bot solution for their own crypto asset portfolio.
Build your own Crypto Trading Bot
Want to build your own trading bot like the ones mentioned above? Shrimpy actually lets developers create their own crypto trading application with the Universal Crypto Exchange Trading APIs, which will take care of the communication and trading interaction with crypto exchanges, thereby allowing developers to focus on creating their custom trading bot or application.
Get started today with Shrimpy’s Crypto Trading API.
Shrimpy is a trading bot that simplifies crypto portfolio management. Linking your exchange account to Shrimpy unlocks convenient trading features that can help you automate your crypto strategy. Try it out today!
Shrimpy’s Universal Crypto Exchange APIs are the only unified APIs for crypto exchanges that are specifically designed for application developers. Collect real-time trade or order book data, manage user exchange accounts, execute trading strategies, and simplify the way you connect to each exchange.
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